Why is there still lack of enthusiastic support and/or purchase of the share despite that " Gold digger King" has been held for interrogation of the allegedly irregularities ? I thought I saw " James bond" lurking around here. Even now the Foreign Secret Agent like 007 is involved . WTH
The market maker owes no one whatsoever, except to the party that it is being engaged for. Why should the market maker create the vibrant conditions, when he knows that DL still has 4 mil shares stashed in his underwear and he is not gonna provide an expensive life line for Ah Beng to exit. Couple this to the impending uncertain Q results, and chaos engulfing the current scenarios, what is the reason for prices to escalate? Just becos DL faces legal issues, why should that warrant the market maker to upward rate the company valuations. The market maker is there to tempt weak and nervous holders under pressure to release their stock holdings. If I were the market maker, that would be my strategy for now.
Nicholas 99, my gut feel says no one in the company now during the EGM can fight Kretam Iceman and gang with respect to shareholding percentage. They have mopped up most probably most of the shares, perhaps more than 30% which as a group they could trigger the MGO (mandatory general offer).
now that DL is in jail. FL should have 100% sure they will take over the company. whether or not they want to own more shares.. that depends on them. but.. this should be positive.. and sharks will swim in..
Many of you firmly believe that the share price is correlated to the exclusiveness of DL in that the share price would be spiked when DL is no longer in charge as if DL was the sole and exclusive culprit to the current misfortune of Bahvest.
Secondly, many of you are highly delusional in that the future prospect would be better under the charge of new management upon departure of DL.
From the reflection of the current share price, the market has different perspectives until then the share price is expected to be stagnant if not depressed further
Why should FL trigger the mandatory takeover where FL is required to offer to all the shareholders at an agreed price which would cost him more ? If some shareholders do not agree to the price offered by him, he may get stuck . Furthermore, there is no need for him to buy the whole damned company to gain control. Secondly , given that the remaining lease of 17 years to go, it is unwise to go for this move.
Yer, All FL wants is to sit on BOD and pledges with the shareholders that he would dig deeper and deeper to retrieve more and more gold deposits . When the QR is constantly reported to be profitable , the share price would be double.
If there is no enough gold deposit to boost the profitability, FL could somehow inject the gold deposit through his own magic to boost the profitability. No one knows what the yield of output from the soil anyway . FL can say whatever yield as he likes .
That's the problem with you joyeast when you become paranoid, you dont read. Did I specifically say FL is going for an MGO? My inference is that the iceman and his gang might have mopped out shares totaling among them probably 30%, as controlling stake, becos previous was only 10%. That is why you should stop trying to be ahead of everyone here saying people are delusional and whatsoever...
Basically, gold mining is the easiest and simplest way of fooling shareholders with the yields of your fantasied creation. As long as the gains from the share value outweigh the " cost of injection of gold deposit ( ore)", it is a monkey business.
Given the cheap sale, FL and gang is most likely to have reached substantial shares of more than 10% in total through nominees without the need for MTO as mentioned above .
I think now the market is about 8.7% happier becos the price is up, according to some layman;s theory of market acceptability and happiness. Fantastic most revolutionized perception. Wall street should adopt.
Just wonder who are the new substantial shareholders to be announced soon or DL /FL could have spread their shareholdings to multiple cronies holding less than 5 % stakes for support..
Southsea is sure to lose the concession once Korek King is guilty. Bahvest will be the top contender to get the whole concession and also depend who is the force behind Bahvest. Anyway the important point will be to remove Korek King and Bahvest is still able to continue operations. It is a go, go, go from now onwards. Just sit tight and wait.
1) DL is still the ED, so any share dealings will have to be reported, despite now holding traces of shares, maybe 30mil shares stashed in his underwear. On the warrants, no knowledge. 2) If he is booted out at EGM by Kretam iceman's back heel kick, then he becomes a real Dracula, a ghost with shares as minority shareholder that does not require to report in share dealings. So presumably, after EGM, we will never see his name appear at Bursa announcement for shares dealing. 3) From what the market maker has been doing the past week, Dracula's holding is not a problem to handle even if he decides to release in one day, which is good, so that he can instantly bid sayonara. No point in him over extending his unwelcome stay.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TCH1186
910 posts
Posted by TCH1186 > 2023-05-18 12:15 | Report Abuse
tmrw contra kaki sure in